Term
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Definition
| is the income you recieve from emloyment |
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Term
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Definition
| is payment for work and is usually computed on an hourly, daliy, or piecework basis |
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Term
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Definition
| is thelowest hourly wage employers can pay most workers by law |
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Term
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Definition
| is a wage based on a rate per unit of work completed |
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Term
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Definition
| is a payment for work that is expressed as an annual figure |
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Term
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Definition
| is income paid as a percentage of sales made by a salesperson |
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Term
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Definition
| or gratuity is money paid for service beyond what is required |
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Term
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Definition
| is money added to an employee's base pay |
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Term
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Definition
| is the payment and benefits received for work performed |
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Term
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Definition
| or frigle benefit, is a form of nonmonetary compensation received i addition to wage or salary |
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Term
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Definition
| is wages or salary before payroll deductions |
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Term
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Definition
| is a subtraction from your gross income |
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Term
| FICA(Federal Insurance Contributions Act) |
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Definition
| the law that requires the collection of social security payroll taxes |
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Term
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Definition
| is your gross income minus payroll deductions |
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Term
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Definition
| is earnings from sources other than work |
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Term
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Definition
| is paid by financial institutios,businesses, and government in exchange for the use of customers money |
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Term
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Definition
| is a goverment payment or benefit promised by law to eligible citizens |
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Term
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Definition
| is a federal program that provides income when earnings are reduced or stopped because of retirement, serious illness or injury, or death |
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Term
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Definition
| is a federal program that pays for certain health care expenses for older citizens and others with disabilities |
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Term
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Definition
| is a limitation that affects a person's ability to function in major life activites |
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Term
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Definition
| is a government program that pays certain health care costs for eligible low-income individuals and families |
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Term
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Definition
| tells employer how much to withhold from your paychecks as payroll deductions |
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Term
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Definition
| states the amounts of income, social security, and Medicare taxes withheld from your income during the year |
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Term
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Definition
| is an expense that can be subtracted from taxable income |
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Term
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Definition
| is a tax benefit that reduces the amount of income that is taxed |
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Term
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Definition
| is an amount you can subtract from the taxes you owe, if you are eligible |
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